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Over VND96 trillion of G-bonds mobilised The State Treasury of Viet Nam has raised a total of VND96.251 trillion (US$4.13 billion) via auctions of Government bonds at the Ha Noi Stock Exchange (HNX) since the beginning of the year. At an auction this week, the State Treasury mobilised VND3.95 trillion from five-year and seven-year bonds worth VND500 billion each and 10-year bonds and 15-year bonds worth VND2 trillion each. The interest rate of bonds increased slightly. Bonds with 10-year maturity raised VND1.55 trillion with an annual interest rate of 4.53 per cent, up 0.03 percentage points from the previous auction on August 1. A sub-session auction of 10-year bonds drew VND600 billion with the yearly interest rate of 4.53 percent. Those with a 15-year term attracted VND1.2 trillion with an annual interest rate of 4.81 per cent, up 0.03 percentage points in comparison with the rate of the previous auction on July 25, 2018. As much as VND600 million was mobilised … [Read more...] about BUSINESS NEWS IN BRIEF 15/8

China's ZTE clears hurdle to lifting U.S. banThe Saigon Times Daily Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - The United States said on Wednesday that it signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month ban on doing business with American suppliers. The ban on China's No. 2 telecommunications equipment maker will be removed once the company deposits US$400 million in an escrow account, the U.S. Commerce Department said in a statement announcing that an escrow agreement had been signed. The ban, which was imposed in April and caused ZTE to cease major operations, has been a source of friction between Washington and Beijing, which are engaged in an escalating trade dispute. ZTE did not immediately respond to a request for comment. "Today's … [Read more...] about China’s ZTE clears hurdle to lifting U.S. ban

China's ZTE signed preliminary agreement to lift U.S. ban The logo of ZTE Corp is seen on its building in Beijing, China April 19, 2018 – PHOTO: REUTERS BEIJING (REUTERS) - ZTE Corp has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing China's No. 2 telecommunications equipment maker to get back into business, according to sources familiar with the matter. ZTE ceased major operations since the seven-year ban was imposed on the company in April for breaking a 2017 agreement reached after it was caught illegally shipping goods to Iran and North Korea. A Commerce Department spokesman said on Tuesday that "no definitive agreement has been signed by both parties." ZTE did not immediately respond to requests for comment. The preliminary deal includes a US$1 billion fine against ZTE plus US$400 million in escrow to cover any future violations, sources said, adding that the terms were in line with Reuters … [Read more...] about China’s ZTE signed preliminary agreement to lift U.S. ban

ZTE Corp has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business, according to sources familiar with the matter. ZTE ceased major operations since the seven-year ban was imposed on the company in April for breaking a 2017 agreement reached after it was caught illegally shipping goods to Iran and North Korea. A Commerce Department spokesman said on Tuesday that “no definitive agreement has been signed by both parties.” ZTE did not immediately respond to requests for comment. The preliminary deal includes a $1 billion fine against ZTE plus $400 million in escrow to cover any future violations, sources said, adding that the terms were in line with Reuters reporting on the U.S. demands on Friday. The sources requested anonymity because they were not authorized to publicly discuss the matter. The Commerce Department plans to … [Read more...] about China’s ZTE signed preliminary agreement to lift US ban: sources

Twenty-seven more communes and wards this year join family medical practice A health staff member takes blood for testing at An Hòa ward health station in Cần Thơ City’s Ninh Kiều District. Source http://soytecantho.vn The Department of Health in the Mekong Delta city of Cần Thơ this year plans to expand a model of family medical practice clinics to 27 more communes and wards. Family medical practice clinics aim to provide comprehensive and continuous health care services to each local individual and family in order to reduce overcrowding of patients at city or central-level hospitals. These clinics are located at health stations in communes and wards. Each commune or ward has one health station. Cần Thơ aims to equip more than 80 per cent of its 85 health stations with these clinics by 2020. According to Dr Bùi Thị Lệ Phi, the department’s head, the city now has 18 commune-based health stations with family … [Read more...] about Social News 5/4 (Hourly Updated)